The Central Bank of the Dominican Republic reported that Governor Héctor Valdez Albizu met with the board of the Dominican College of Engineers, Architects and Surveyors (CODIA) to discuss the Dominican Republic’s economic conditions and outlook, including the expected impact of recent Monetary Board stimulus measures. He highlighted the release of DOP 81 billion from reserve requirement resources to channel loans to productive sectors at an interest rate of no more than 9% per year, alongside cumulative policy rate cuts of 125 basis points during the second half of 2024 and macroprudential measures adopted this year to strengthen financial stability. On construction, Valdez Albizu said the sector represents 13.1% of gross domestic product, around USD 16.32 billion, and noted that private credit in local currency grew around 8% year on year at end-June, with projections for growth to accelerate to 10%–12% year on year by year-end. CODIA’s leadership also flagged work to strengthen institutional governance and training, including for members providing property valuation services used in bank lending, and said it is improving statistical monitoring of construction-related costs.
Central Bank of the Dominican Republic 2025-07-15
Central Bank of the Dominican Republic reviews economic outlook with CODIA and highlights DOP 81bn reserve-release lending capped at 9%
The Central Bank of the Dominican Republic announced that Governor Héctor Valdez Albizu discussed economic conditions with the Dominican College of Engineers, Architects and Surveyors, highlighting the release of DOP 81 billion for loans to productive sectors at a maximum interest rate of 9% and policy rate cuts totaling 125 basis points in 2024. The construction sector, accounting for 13.1% of GDP, saw private credit growth of 8% year on year by end-June, with projections of 10%–12% by year-end. CODIA is enhancing governance, training, and monitoring of construction costs.